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No Aggregation of Escaped Income Over Years Under Section 149(1)(b): Delhi HC Sets Aside Notice

May 20, 2025 1248 Views 0 comment Print

Delhi High Court sets aside an income tax notice demanding management fees from Idemia Identity And Security India, ruling it violated Section 149(1)(a) due to limitation.

Delhi HC directs Customs to Release Seized Gold & iPhones on Redemption/Storage Fee Payment

May 20, 2025 915 Views 0 comment Print

Delhi High Court orders release of a UAE resident’s seized gold and iPhones, citing lack of show cause notice and allowing redemption for phones.

Bombay HC Imposes Interest on Income Tax Officer for Refund Delay

May 20, 2025 5928 Views 0 comment Print

The Bombay High Court has fixed accountability by directing interest recovery from an erring officer for delayed income tax refunds, emphasizing timely compliance.

Madras HC Sets Aside GST Section 73 Order for No Hearing Date/Time in SCNs

May 20, 2025 972 Views 0 comment Print

A recent High Court ruling has annulled a GST order, citing a breach of natural justice. The tax authorities failed to provide a personal hearing before issuing the impugned order, despite the taxpayer’s requests for time to file a reply.

No Price Rigging Evidence in Penny Stock Loss: Calcutta HC dismisses Revenue Appeal

May 20, 2025 1215 Views 0 comment Print

Calcutta High Court dismisses Income Tax Department’s appeal in a Rs. 71 lakh penny stock loss case, affirming no evidence of assessee’s involvement in price rigging.

Lack of Evasion Intent: CESTAT Delhi Quashes ₹2 Crore Penalty on Former MD

May 20, 2025 4137 Views 0 comment Print

CESTAT Delhi cancels a ₹2 crore penalty on Rajesh Khosla, former MMTC-Pamp MD, ruling that mere non-disclosure without deliberate intent to evade customs duty is insufficient for Section 112(a)(ii) penalty.

Madras HC Allows Contest of GST order Despite Cryptic Reply, Orders 25% Pre-Deposit

May 20, 2025 492 Views 0 comment Print

Madras High Court permits Star Brand Enterprises to contest a ₹69.62 lakh GST demand by filing a detailed reply, conditional on 25% pre-deposit, after their consultant filed a cryptic response.

Donations, CSR & Business Expenses Operate Separately; Section 80G Deduction Allowed

May 20, 2025 1032 Views 0 comment Print

ITAT confirms that donations under Section 80G and business expenses under Section 37(1) are distinct. It upheld GSFC’s eligibility for Section 80G deduction, emphasizing proper classification in accounts.

CSR Payments Eligible for Section 80G Deduction: ITAT Bangalore

May 20, 2025 1323 Views 0 comment Print

Bangalore ITAT rules that mandatory CSR spending, if qualifying as a donation under Section 80G, may still be eligible for tax deduction despite disallowance as business expense.

Revenue Cannot Debit GST Ledger After payment of Pre-Deposit for Appeal

May 20, 2025 1356 Views 0 comment Print

Calcutta High Court rules GST authorities cannot debit taxpayer ledger once mandatory pre-deposit for appeal to Appellate Tribunal is paid.

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